Wednesday, December 25

Jorf buys 12 coal cargoes for 2013 at premium to index

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LONDON Oct 24 (Reuters) – Moroccan independent power producer Jorf Lasfar Electricity Company (JLEC) has bought 12 panamax cargoes of thermal coal for 2013 delivery from EDF Trading at a premium to the API2 benchmark coal index, traders said.

Jorf is likely to receive U.S. coal which falls within its 1 percent sulphur content maximum limit.

In a separate tender, Jorf is seeking two panamaxes of coal for January and February delivery. The offer deadline is October 29. (Reporting by Jacqueline Cowhig; edkiting by James Jukwey)

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